Economy News

Fresh stimulus package on cards: Is it too little too late

The much hyped fiscal stimulus package that was earlier announced by Modi, giving the call for 'Atmanirbhar Bharat' turned out to be a drop in the ocean.

Sep 7, 2020

Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report

US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.

Sep 3, 2020

Farmers' lives don't matter in India; 10,281 died by suicide in 2019 alone

With all the attention and activism reserved for SSR case, read on to find out about the plight of farmers and the system's apathy towards them. 43.480 farmers and daily wagers died by suicide in 2019 alone.

Sep 3, 2020

Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

The Income Tax Department has worked at breakneck speed to process the refund claims.

Sep 3, 2020

RBI announces yet another round of OMOs of Rs 20,000 crore: What it means

The RBI announced that it has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ₹20,000 crores.

Aug 25, 2020

Sensex, Nifty hit six-month high on global cues; banks gain

Indian shares hit a six-month intraday high on Tuesday, taking cues from other Asian markets that rose on progress in U.S.-China trade talks and following another record close on Wall Street.

Aug 25, 2020

Petrol prices rise by 12-14 paise/litre: Check latest rates in your city

Petrol prices across the four metros rose for the fourth straight day on Sunday.

Aug 23, 2020

UK government debt hits £2 trillion for first time

The UK government debt has increased above 2 trillion pounds ($2.6 trillion) for the first time amid heavy spending to support the economy amid the coronavirus pandemic, the Office for National Statistics (ONS) revealed on Friday.

Aug 21, 2020

RBI releases 'National Strategy for Financial Education for 2020-2025': What it includes

The NSFE 2020-25 includes inculcating financial literacy concepts among various sections of the population through financial education to make them an important life skill.

Aug 20, 2020

RBI to transfer Rs 57,128 crore as surplus to govt for FY20

The Reserve Bank of India (RBI) has approved the transfer of Rs 57,128 crore surplus reserves to the government accounting for the year 2019-20. The RBI board has decided to maintain the Contingency Risk Buffer at 5.5%.

Aug 14, 2020

PM Modi launches platform for transparent taxation: How will it benefit taxpayers

With the 'Transparent Taxation Honouring the Honest' platform, PM Modi said that this will strengthen the efforts of reforming the tax system and will ease tax compliance.

Aug 13, 2020

Mukesh Ambani is now world's fourth richest; net worth stands at $80.6 billion

To give our readers perspective, Mukesh Ambani's net worth is Rs 60,48,28,44,50,000, as per current conversion value.

Aug 8, 2020

India should focus on protecting economy, says ex-RBI governor

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

Aug 6, 2020

RBI Monetary Policy: MPC maintains status quo, repo rate intact at 4%

Accordingly, the repo rate or short-term lending rate for commercial banks and reverse repo rate remain unchanged at 4 per cent and 3.3 per cent, respectively.

Aug 6, 2020

Amid inflation pressure will RBI Gov Shaktikanta Das risk slashing repo rates

Amid rising inflation concerns in times of the pandemic, economists predict RBI could ease monetary policy now. This, by cutting the repo and reverse repo rates by at least 25 bps to 3.75% and 3.10% respectively.

Aug 3, 2020